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Economic think tank GTRI (Global Trade Research Initiative) in its report said that India needs to cut its reliance on imported vegetable oils to promote better health outcomes and also reduce the import bill.
India needs to cut its reliance on imported vegetable oils to promote better health outcomes and reduce the import bill, according to a report by the Global Trade Research Initiative (GTRI). India is the world's largest importer of vegetable oils, with imports estimated to double to USD 20.8 billion in 2023-24. The US and EU currently support agriculture by using the latest technology, high tariffs, and massive subsidies to push exports.